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11 Hannay Road
About This Property
Outside, the impressive detached four-car garage with room for your workshop is perfect for hobbyists, mechanics, or extra storage. Off-street parking for a dozen or more vehicles makes entertaining or storing recreational equipment a breeze.
Lovingly cared for by the same family for many years, this home is ready for its next chapter. While updates and improvements will take it to the next level many have been done already. this is a rare opportunity to own a home filled with history, character, and potential all at an affordable price. Enjoy peaceful country living without sacrificing convenience. Located just 35 minutes from Albany, you'll appreciate an easy commute while being only a short drive to the charming village of Greenville, offering shopping, restaurants, and everyday conveniences. Spend weekends exploring nearby farm stands, local eateries, and all the scenic beauty that makes the Helderberg and Catskill region such a desirable place to call home.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017